Industry
Foundation
Challenge
Solugenix needed a way to streamline financial planning and analysis while ensuring precision in budgeting and reporting. Without an efficient method for integrating budgets with existing systems, they faced limitations in financial reporting and data accuracy, hindering their operational efficiency.
Results
The new solution brought about notable improvements, including twice the speed in decision-making, annual savings of $25,000, and a 33% reduction in time spent on financial tasks. Enhanced integration with their systems now enables seamless data updates, reduces manual work, and fosters collaboration across teams, resulting in a more accurate, transparent, and efficient financial management process.
Accounting Software
Sage Intacct
Martus by far is the best budgeting tool we have found that is fully integrated with Sage Intact. Every other tool we looked at fell short of the Martus product.
About Solugenix
Solugenix stands at the forefront of information technology services, renowned for delivering unparalleled technology solutions, talent, and managed services to premier corporations worldwide. Our unmatched commitment to excellence fuels growth and innovation for our partners.Solution
Steve Weichman, the Corporate Controller at Solugenix, has witnessed a remarkable transformation in their financial management processes since integrating Martus Solutions. In an industry where precise financial planning and analysis are crucial, the innovative budgeting and forecasting platform provided by Martus has proven to be invaluable.
Martus Solutions has streamlined various aspects of financial reporting and budgeting at Solugenix. One standout feature is the seamless integration of budgets with Sage Intacct. Prior to adopting Martus, there was no efficient way for Solugenix to push budgets into Sage Intacct, significantly limiting their reporting capabilities. Now, this integration has not only enhanced their reporting but also improved the overall accuracy and efficiency of their financial data.
Results
For Steve and his team, one of the most beneficial aspects of Martus is its collaborative nature. The platform’s robust security settings allow frontline managers to input budgets for their customers and projects directly. This level of collaboration was logistically unfeasible before adopting Martus but now fosters greater engagement and accountability throughout the organization.
The organizational impact of using Martus cannot be overstated. Before its implementation, the process of manually consolidating budgets and forecasts was time-consuming and prone to errors. Now, Martus automates these consolidations and even pushes finalized budgets back into Sage Intacct seamlessly. This automation has resulted in significant time savings for Steve’s team and reduced potential costs associated with manual errors.
When compared to other solutions on the market, Martus stands out due to its superior integration capabilities with Sage Intacct. Competing platforms lacked this level of synchronization, making them less effective in meeting Solugenix's specific needs.
In summary, adoption of Martus Solutions at Solugenix has revolutionized their approach to budgeting and forecasting by simplifying complex processes through efficient tools that integrate effortlessly with existing systems like Sage Intacct. This transformation not only enhances operational efficiency but also empowers staff through a collaborative environment that ensures transparency across all financial management practices.
